Delhi-NCR retail real estate hits record 2024 leasing as vacancy falls and rents climb
Retail leasing rose 7% YoY to 3.1M sq ft while vacancy dropped to 8.3% from 9%, per CBRE/ANAROCK. Noida and Gurugram lead with 12-15% leasing growth, powered by Jewar Airport and expressways. The region anchors 66% of India's 27M sq ft retail pipeline through 2028.
Delhi-NCR retail real estate hit record 2024 leasing, falling vacancy and rising rents, per CBRE/ANAROCK. Noida and Gurugram lead growth, boosted by Jewar Airport and expressways; region to dominate India's retail pipeline through 2028.